Common use of Survival of Power of Attorney Clause in Contracts

Survival of Power of Attorney. It is expressly acknowledged by each member that the foregoing power of attorney is coupled with an interest and shall survive any assignment by such member of such member’s Company Interest or any other interest in the Company; provided, however, that if such member shall assign all of Company Interest, and the assignee shall become a substituted member in accordance with this Agreement, then such power of attorney shall survive such assignment only for the purpose of enabling the Managing Member to execute, acknowledge, swear to and file all instruments necessary or appropriate to effectuate such substitution.

Survival of Power of Attorney. It is expressly acknowledged by each member Member that the foregoing power of attorney is coupled with an interest and shall survive any assignment by such member Member of such memberMember’s Company Interest or any other interest in the Company; provided, however, that if such member Member shall assign all of such Member’s Company Interest, and the assignee shall become a substituted member Member in accordance with this Agreement, then such power of attorney shall survive such assignment only for the purpose of enabling the Managing Member Managers to execute, acknowledge, swear to and file all instruments necessary or appropriate to effectuate such substitution.

Survival of Power of Attorney. It is expressly acknowledged by each member that the foregoing power of attorney is coupled with an interest and shall survive any assignment by such member of such member’s Company Interest or any other interest in the Company; provided, however, that if such member shall assign all of its Company Interest, and the assignee shall become a substituted member in accordance with this Agreement, then such power of attorney shall survive such assignment only for the purpose of enabling the Managing Member to execute, acknowledge, swear to and file all instruments necessary or appropriate to effectuate such substitution.